Business Standard

Telecom shares gain, Idea Cellular at four year high

Idea Cellular,Tata Teleservices (Maharashtra), Reliance Communications and Bharti Airtel are up 1-6% on the BSE.

Related News

Shares of telecom services provider are trading higher in the range of 1-2% in otherwise subdued market in morning trades after the Empowered Group of Ministers (EGoM) on telecom on Monday decided to slash the reserve price for CDMA spectrum by 30%-50%.

Among the individual stocks Idea Cellular is trading higher by 2.5% at Rs 112, its highest level since June 2008 on the Bombay Stock  Exchange. 

Tata Teleservices (Maharashtra) has rallied almost 5% to Rs 13.19, followed by Reliance Communications (up 2.6% at Rs 84) and (up 1% at Rs 330).

"The cabinet will take a final decision. Auction for 800 MHz will be conducted in March following the auctions of 1800 MHz and 900 MHz bands that would start on March 11,” the Business Standard report suggests quoting a top government official from headed by Finance minister P Chidambaram.

 

Read more on:   
|
|

Read More

Trading Strategies: Suzlon Energy, Unity Infra, Titan Industries

Check out how key stocks stakc up on the technical parameters with Ravi Nathani, technical analyst, Nsetoday.com.

Recommended for you

Advertisements

Quick Links

Market News

Coal India, bank stocks drag market down

The 30-share Sensex closed at 29,182.95, down 498.82 points, or 1.68%, most in three weeks

Markets give up expiry-led gains on Friday

Nifty down 1.6% to 8809 points led by financials as corporate earnings continue to be a mixed bag; Coal India issue sucks out liquidity from the ...

Sensex sheds 499 pts; Bank of Baroda, ICICI Bank results disappoint

Coal India drops 4 per cent even as its Rs 22,000 crore offer for sale fully subscribed; Nifty sheds 143 pts

Coal India 10% stake sale fully covered

Investors bid for 662 million shares of Coal India versus the issue size of 631.6 million shares

Sensex ends below 29,200; BSE Bankex down 3%

The 30-share Sensex provisionally ended down by 482 points at 29,199 and the 50-share Nifty slipped 130 points at 8,823.

 

Back to Top